| Exensys to raise Rs 800cr to fund expansion |
| BS Reporter / Hyderabad April 09, 2008 |
| Exensys Software Solutions Limited (formerly Holool Software Solutions), a Hyderabad-based provider of enterprise space, IT consulting and telecom solutions and services, is looking at raising $200 million (around Rs 800 crore) to fuel its expansion plans, said company CEO and managing director Mohammad Shams Qamar. The seven-year-old company is in talks with a few foreign institutional investors (FIIs), banks and private equity firms, and is expected to seal deals with them during the current financial year. Around $100 million (Rs 400 crore) will be invested in setting up a global development centre in Hyderabad, which will house 3,000 professional in the first phase and 4,000 in the second, while the remaining funds would be infused into R&D, brand building and in scaling up the company's sales force. Besides, the company plans to have a direct presence in 12 more countries including China, Malaysia, Australia, the New Zealand, Brazil, Morocco and Russia during the current fiscal. The company currently has presence in India, Saudi Arabia, UAE and UK. "We have already applied with the state government for the allotment of land for 30 acres for our proposed development centre. It should be up and running in 11 months from now," Shams said. Meanwhile, Exensys on Thursday launched Exensys 4.0, an enterprise resource planning (ERP) product in seven global languages |
